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The RBI board held a marathon meeting on Monday amid a rift between the central bank and the government over several issues, including how much capital the apex bank needs, lending norms for small and medium enterprises and rules for weak banks.

The finance ministry nominees and some independent directors were expected to take on Patel and his team over issues ranging from MSME credit to the central bank's reserves, though both sides are in favour of reaching a common ground.

The Naresh Goyal-controlled carrier has been reporting losses since last three successive quarters and defaulting on salary payments to a section of its staff. "Pilots have decided that that they will not perform any additional duty and adhere only to the roster from December 1 if all salary dues are not cleared by November 30. The decision has been communicated to the management verbally," the source said.

However, weakness in the US dollar against some currencies in global market and a higher opening of the domestic equity markets limited the rupee fall ahead of Reserve Bank of India's board meet, dealers said.

Employees of National High-Speed Rail Corporation Limited, the bullet train implementing authority, took a course in Japanese language and culture learning programme over the last five months that ended on Saturday with certificates given to 35 employees. The managing director of the authority also took the course. The next course is scheduled to start from Dec 2018.

The rupee Friday strengthened further by 4 paise to close at a fresh two-month high 71.93 against the US currency, continuing its gaining streak for the fourth day, despite a rebound in oil prices and a stronger dollar. Crude oil prices falling below the $70 per barrel mark and forex inflows have boosted the rupee sentiment as the domestic currency posted gains of 57 paise or 0.79 per cent this week to touch two-month high levels.

On the 30-share BSE index, Bharti Airtel, Reliance Industries, Hero MotorCorp, SBI and HDFC were among the major gainers with their stocks surging as much as 9.41 per cent. On NSE, except for Nifty Metal and Private Bank, all other sub-indices finished in green, rising as much as 2.03 per cent.

The topic of acquiring Jet Airways will be discussed at the Tata Sons board meeting on Friday and the members may approve starting due diligence on the deal, a source familiar with the matter told Reuters.

Flipkart has hired Smriti Singh as its chief of human resources officer (CHRO), industry sources said. Singh was previously the executive vice president HR for Sony Pictures Networks India. She is expected to join Flipkart as its CHRO in December.

Initial discussions to this end have begun, even as the conglomerate inches closer to a separate deal to acquire ownership stake in India’s second-biggest airline Jet Airways from its founder Naresh Goyal. Tata Sons owns 51% of AirAsia India with the rest held by Malaysia-based AirAsia Bhd.

Travel portals showed prices for one-way ticket on Delhi-Mumbai direct flights starting at Rs 21,200 in economy to Rs 35,000 in premium classes of full-service airlines. With close to 100 flights less a day during runway closure period, the demand-supply mismatch has added to the issue of higher fares. One of the three runways at IGIA is closed for eight days from Friday.